Financial

As OPENLANE prepares to launch new enhancements and special promotions at this week’s annual American Recovery Association convention, the company also shared how many agencies have registered to remarket repossessed vehicles since the beginning of the year. OPENLANE executives indicated more than 80 recovery companies, representing hundreds of lenders and thousands of repossessed vehicles, are […] [Read More]

In an apparent retort to Avis Budget Group upping its offer to acquire Dollar Thrifty Automotive Group the day before, Hertz Globing Holding said Friday that the price in its agreement with Dollar Thrifty is its “best and final offer” and believed that the deal will be green-lighted by DTAG’s shareholders when they meet later […] [Read More]

General Motors of Canada has rolled out a new financing package via Ally that allows its dealers to offer consumers flexibility, attractive rates and some of the benefits of a lease without the drawbacks. Basically, when a customer chooses the Smart Purchase financing program, the term of the loan is for up to 84 months. [Read More]

AutoCanada recently revealed that its chief operating officer Kelly O’Connell has left the company, and that the COO position probably will not be filled. “The company appreciated Mr. O’Connell’s contribution and that Mr. O’Connell put in place a number of initiatives which will be of future benefit to the company, and we wish him well […] [Read More]

Daimler AG revealed Thursday the company now sponsors an American Depositary Receipt program. Officials explained an ADR is a security created to permit U.S. investors to indirectly hold shares in non-U.S. companies and to trade them on securities markets in the United States.  Specifically, Daimler is sponsoring a Level 1 ADR program. Officials noted the […] [Read More]

Like some industry brethren, Hertz Corp. revealed its own commitment to action at this week’s annual meeting of the Clinton Global Initiative, which aims for better environmental protection. Hertz’s pledge stems around enhancing the availability of the next generation of electric vehicles to the general public through its rental and vehicle-sharing operations. The company and […] [Read More]

The Federal Reserve rattled off several negative economy assessments Tuesday but decided to keep the federal funds interest rate at its current level.   The Federal Open Market Committee chose to maintain the target range for the federal funds rate at 0 to 0.25 percent. Officials noted that they continue to anticipate that economic conditions, […] [Read More]

Trade shows are a great way to promote your business, meet people in your industry and learn about other businesses. To get the most out of your experience, you must be strategic before, during and after the event. Here are some tips on how to make your trade show experience successful.   1. Make Your […] [Read More]

Roquemore & Roquemore aimed to enhance SkipTrak, its repossession and remarketing management system, by recently reaching strategic alliances with three repossession industry entities.   Now included in Roquemore’s new alliance are the American Recovery Association, Recovery Management and OPENLANE. Roquemore shared reasons why each organization can boost the relations between recovery agents and lenders.   [Read More]

AutoTrader.com revealed to Auto Remarketing Friday afternoon that it is acquiring vAuto. vAuto founder Dale Pollak believes this is the right move for his company. Though AutoTrader.com did not share any terms of the acquisition, it did note that vAuto will be a subsidiary and will retain its management team, current headquarters in Oak Brook, […] [Read More]